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Jan 29, 2013
01/13
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plus, the debt ceiling simply says we're not going to pay our bills. it just is illogical to say that's to pay for that. that's like going out and incurring costs which all of us did, republicans and democrats together, and then saying oh, and by the way, i'm not going to pay my bill unless you do me this enormous favor. but the other point i would make is this. he talks about, we need tax reform. the biggest single abuse in the tax code today, and it's a tough contest, is the one that says the richest people in america who run hedge funds can treat their earned income as if it were a capital gain. they call it carried interest. >> yeah. >> it means the rest of us are carrying them. and we voted to reduce that. and paul ryan boxed it. he is against that. and if you remember from that interview, he did not give a single specific about a tax break he wants to end, and he talked about cutting entitlements. >> he is up front saying no more revenue. i mean, that's their position on that. now, they've backed off the debt limit. now they're backing off a gove
plus, the debt ceiling simply says we're not going to pay our bills. it just is illogical to say that's to pay for that. that's like going out and incurring costs which all of us did, republicans and democrats together, and then saying oh, and by the way, i'm not going to pay my bill unless you do me this enormous favor. but the other point i would make is this. he talks about, we need tax reform. the biggest single abuse in the tax code today, and it's a tough contest, is the one that says the...
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Jan 24, 2013
01/13
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no budget, no pay. >> in the spotlight tonight, debt ceiling magic. that was house speaker john boehner after the house passed a bill making the debt ceiling disappear until may 18th, without cutting any federal spending. the stupidly named and conceived "no budget, no pay act" passed with a vote. 33 republicans voted against the bill, 199 voted for it. 86 democrats voted for the bill, 111 democrats voted against it. not only will the no budget, no pay act suspend the debt ceiling for about three months, it also requires the house and senate to pass budget resolutions by april 15th, and if they don't, representatives and senators will not get paid, which is of course, wildly unconstitutional. the 27th amendment prohibits congress from modifying their own paychecks in any way. they can vote to change the pay for future congress only, but republicans passing an unconstitutional bill, while at the same time relieving the pressure on the debt ceiling was welcomed by some democrats as republicans moving from out-right crazy to half-crazy. >> i'm not sure w
no budget, no pay. >> in the spotlight tonight, debt ceiling magic. that was house speaker john boehner after the house passed a bill making the debt ceiling disappear until may 18th, without cutting any federal spending. the stupidly named and conceived "no budget, no pay act" passed with a vote. 33 republicans voted against the bill, 199 voted for it. 86 democrats voted for the bill, 111 democrats voted against it. not only will the no budget, no pay act suspend the debt...
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Jan 26, 2013
01/13
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he meant it to sound reassuring to conservatives, like that is fine, we don't need the debt ceiling, we have the big spending cuts, democrats will never allow those. i can't see why they're reassured. to see this as a deal, you have to remember where they were when they created the cuts in the first place, back in the 2011 fight. the way we got out of that mess, we kicked the can down the road and formed the super committee. you remember the super committee, the bipartisan group of legislators are charged with finding 1.2 trillion in deficit reduction, that was plan b to the super committee, if they failed, which they did, the sequester would cut the deficit by the same 1.2 trillion, but it would do it right away, and in such a mindless, painful dumb way that neither party could live with it. it was meant, then to force the parties to make the deal. punishment. and that was an obvious design, you build half the sequester out of tax increases, which republicans hate, and then the other out of spending cuts which democrats hate. but republicans refused to vote for anything with taxes i
he meant it to sound reassuring to conservatives, like that is fine, we don't need the debt ceiling, we have the big spending cuts, democrats will never allow those. i can't see why they're reassured. to see this as a deal, you have to remember where they were when they created the cuts in the first place, back in the 2011 fight. the way we got out of that mess, we kicked the can down the road and formed the super committee. you remember the super committee, the bipartisan group of legislators...
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Jan 29, 2013
01/13
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ceiling bill this week. but republicans increasingly believe that the $1.2 trillion in automatic spending cuts in the sequester are going to happen come march 1st. >> we think these sequesters will happen, because the democrats have opposed our efforts to replace those cuts with others and they've offered no alternatives. >> house speaker john boehner recently told "the wall street journal" that the sequester, quote, is as much leverage as we're going to get. but does the gop actually stand to lose more than it gains? i'm joined by "washington post" columnist, and msnbc policy analyst, ezra klein, who has written about this. good morning, ezra. >> good morning. >> in one of your columns, you wrote that republicans are wrong to think that the sequester gives them leverage. what's your reasoning? >> it's just become a somewhat bizarre conversation. look, you have to go back. the sequester, it's a very weird, kind of boring word. it comes out of the debt ceiling deal in 2011 and it was the backup to the superco
ceiling bill this week. but republicans increasingly believe that the $1.2 trillion in automatic spending cuts in the sequester are going to happen come march 1st. >> we think these sequesters will happen, because the democrats have opposed our efforts to replace those cuts with others and they've offered no alternatives. >> house speaker john boehner recently told "the wall street journal" that the sequester, quote, is as much leverage as we're going to get. but does the...
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Jan 31, 2013
01/13
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threaten something on the debt ceiling, which for them would be worse. >> one of the things that hasn't changed since the republicans saying these job numbers are terrible. we're going to keep cutting medical they get even worse. >> so in terms of the big battle and any kind of possible grand bargain, you think that's over continuing resolution and budget numbers? >> yeah. well, i mean, the first thing that comes up time-wise, is on march 1st we have to deal with the sequester because the republicans reordered the way that these things are going to fall on the calendar. the sequester is those automatic spending cuts. billions -- tens of billions of dollars just this year in spending cuts. the republicans would like to have some kind of spending cut win this year, and that might be their only opportunity to get one, so you can see them hunkering in and saying, you know, we're going take the hit on defense spending cuts, but we're going to get spending cuts here by hook or by crook, and for democrats they might say, you know, we would rather lose this fight than have to do this all over a
threaten something on the debt ceiling, which for them would be worse. >> one of the things that hasn't changed since the republicans saying these job numbers are terrible. we're going to keep cutting medical they get even worse. >> so in terms of the big battle and any kind of possible grand bargain, you think that's over continuing resolution and budget numbers? >> yeah. well, i mean, the first thing that comes up time-wise, is on march 1st we have to deal with the sequester...
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Jan 24, 2013
01/13
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for spending cuts for every dollar in debt ceiling raised. that is not what you got this time. and you have put the focus on senate democrats, a political tactic, perhaps a very successful one. but is that really a tactical retreat? >> i don't think so at all, chuck. and i was curious to hear steny's comments about this being a gimmick. 86 democrats supported the bill that we had on the floor yesterday, the no budget, no pay, so clearly they didn't think it was a gimmick. this was a bipartisan effort. look, if you look at the goal, we've got to get our fiscal house in order, we've got to balance the budget, and in order to do that, the senate actually has to produce a budget, which they haven't done in nearly four years. the house has had budgets for each of the last two years that actually get to balance. so what we did, in this bill, is to say to the senate, look, you've got to do a budget. families do budgets, businesses do budgets, employers do budgets. the senate has not done a budget in nearly four years, so this is the challenge for th
for spending cuts for every dollar in debt ceiling raised. that is not what you got this time. and you have put the focus on senate democrats, a political tactic, perhaps a very successful one. but is that really a tactical retreat? >> i don't think so at all, chuck. and i was curious to hear steny's comments about this being a gimmick. 86 democrats supported the bill that we had on the floor yesterday, the no budget, no pay, so clearly they didn't think it was a gimmick. this was a...